Kor Community Land Trust

Analysis

Kor Community Land Trust is a registered charity in United States, based in Bend, OR. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kor Community Land Trust reported income of $4.6m and spending of $2.6m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $4.6m (+3966%), an average of +152% a year. The sharpest change came in the year to December 2023, when income rose by 449%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kor Community Land Trust sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OR. Charities of a similar size with the same main cause include Passage Home Inc ($4.6m), MQVN Community Development Corporation ($4.6m) and People United for Sustainable Housing Incorporated ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $121k (4.6% of expenses). Other salaries and wages came to $258k. At year end it held assets of $6.3m against liabilities of $3.0m, net assets of $3.3m. It reported 7 employees.